After FIDE recently declined the rematch offer from Danailov citing that the bank guarantee did not come from a FIDE approved bank, Danailov now re-issues the challenge again with a new $2 million bank guarantee from a new bank.

How will FIDE respond to this new challenge? I did not like the provision of any 2700 player can issue a challenge to the WC if he has a sponsor who is willing to put up the money. This seems to be too chaotic to me when it was first announced. Now we see the problem.

The Mexico City World Championship is set. Now what? Damn if you do and damn if you don’t. FIDE is kind of stuck with their questionable policies.

You can read some other details on chessbase. Frederic Friedel is at Corus and he will probably be able to get more info soon. Posted by Picasa

Chess Daily News from Susan Polgar
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